Innotas Selected as 2012 Red Herring 100 North America Winner: Recognized as One of the Most Promising Private Technology Companies

SAN FRANCISCO, CA--(Marketwire - May 30, 2012) - Innotas, a leading provider of Cloud solutions for IT management, today announced it was selected as one of the winners of the Red Herring Top 100 Americas award -- a prestigious list honoring the year's most promising private technology ventures from the North American business region. Red Herring announced the winners of its Top 100 Americas Award at an event in Santa Monica on May 23, in recognition of the leading private companies across North America.

The Red Herring Top 100 Americas list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

"We are honored to be recognized by Red Herring as a Top 100 Americas award winner," said Kevin Kern, CEO of Innotas. "Our focus is to continue to provide the best cloud-based solutions for IT management in the industry, helping our customers to manage and measure the work that their IT staff generates for their business."

In addition to the Red Herring 100 North America award, Innotas was recently named "Best Project Management Solution" by the CODiE awards, selected as one of the "Best Places to Work" in San Francisco Bay Area by the San Francisco Business Times and named to JMP Securities Hot 100 List of Best Privately Held Software Companies.

About Red Herring Top 100 North America Award
Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Americas.

About Innotas
Innotas, a leading provider of Cloud solutions for IT Management, delivers a seamless way to manage Resources, Applications, and Projects across all IT. Innotas' solutions include Project Portfolio Management (PPM), Application Portfolio Management (APM), and Innotas Integration Platform. Headquartered in San Francisco, Innotas has hundreds of customers nationwide, including Bank of the West, Tiffany & Co., Crocs, Crayola, City of Memphis, RelayHealth, and World Vision. For more information, visit www.innotas.com or contact 866-692-7362.